ZCAN - Bubble Prices And Rising Rates Are A Deflationary Force For Home Prices

• In the past few months, bond prices have dumped (spiking their yields) to discount for a whopping 3% of central bank rate hike plans over the next year.
• In April, mortgage rates rose further, with the offered 5-year fixed-rate at the big five banks above 4%.
• Despite many still having lower pre-approved rate offers (from before the latest hikes), the median single-family sale price in the first three weeks of April was significantly lower than in the first three weeks of February.

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